lisa abramowicz and paul sweeney. tom keene and jonathan ferro on a well-deserved vacation. a by everything week, by everything month. the rally higher after the best august and 34 years. paul: it is extraordinary. i call it the fed backstop to the market. lisa: we are seeing it today points. s&p 3540 still at a record high if it sticks around. the euro off its highs. weakening just a bit versus the dollar. yields a little bit higher on the 10 year end crude getting a bit at $43 as people take a look at inventories. one thing that has power the economy has been the housing market, which has struck me at a time of so much job loss and so much pain in the consumer sector, the idea using incredible resilience, bidding wars and suburban areas for houses. lumber prices tripling. joining us is andrew chiefhorst, citigroup u.s. economist. what you think of the housing market? andrew: it is astounding. the data keeps coming in for housing and it keeps being stronger than expected. we saw earlier with mortgage application of move to multiyear highs, now you are seeing that come to sal

paul sweeney of bloomberg radio points out jane fraser's appointment is another sign of the rising confidencethe consumer side of the bank versus investment bank. citi is the world's biggest credit issuer and is in the front lines of dealing with persistently high unemployment dealing with potentially high loans. the surprise is not that fraser was named ceo. the firm telegraphed as much when she was named president. the surprise is in the timing. she was just named last year and there are reports michael corbett would stay on for another two years. fascinating. it might've been influenced by the fact that down and congress when the heads of the bank testified if they see a woman succeeding them, and michael corbett said he could. you could see that in the cards. there's also questions about the board of directors of some of these banks. scarlet:. the board matters. i was looking at the bloomberg the big and citi leads banks when it comes to women on the board. it has 17 members. eight of those members are women. the next would be goldman sachs, with 36%, four out of 11 members. bank of ameri

on television we will watch, on bloomberg radio we will continue our coverage, paul sweeney and i.greet all of you on this september 11. [reading names] ♪ ♪ jonathan: from new york and london for our audience worldwide, good morning, good morning. the countdown to the open starts right now. 30 minutes until the opening ballot, equity futures rolling over a little bit. first and foremost over the next 60 minutes, we will be observing a series of moments of silence. we begin the program with a quick market check. there is scarlet fu. scarlet: good morning the set up is for a higher open. according to jones trading, 9/11 historically is a bullish day for u.s. stocks. we also see gains in europe and asia. as we have seen since the tele--- since the tech selloff began last thursday, anything goes once the trading gets underway. we have seen nasdaq futures fall, then rise, then fall again. and the cash market, the index has moved 1% every day this month. the question now is how much options will drive the decline. in the broader

ferro.up, jonathan paul sweeney and i will assist you on bloomberg radio.rning. ♪ ♪ jonathan: from new york and london for our audience worldwide, good morning, good morning. "the countdown to the open" starts right now. equity futures recovering. down just four on the s&p 500. we begin with the big issue. fight night in cleveland. president trump: you can never have done the job we have done. biden: you should get out of your bunker and get out of the sand trap. president trump: this is not going to go well. mr. biden -- man.you shut up, trump: ukraine with a billion of dollars. mr. biden: that is not true. guess i amrump: i debating you, not him. jonathan: here is through